E.U. Moves To Foster Competition In Gas Market

Law360 (April 25, 2006, 12:00 AM EDT) -- In a move that underscores fundamental questions about the authority of the European Union over its independent member states, European regulators announced Tuesday that they would divide Europe’s gas consumers into four regions in an attempt to streamline and stabilize the market.

The new initiative will “bring real benefits to consumers by helping progress toward a more integrated E.U. energy market…Each gas Regional Energy Market project will identify any barriers that prevent the development of a competitive energy market and find ways of overcoming them,” according...